Purpose-built Rental Highlights • In the first four months of 2025, 9,055 purpose-built rental units 5 were registered in B.C. Compared with the same period in 2024, the number of registered rental units increased 61.3%. • So far in 2025, rental units 5 represented 49.6% of all multi-unit registrations. • This month 2,739 rental units were registered 12 . Compared with April 2024, the number of rental units registered increased 49.2%. • Using a 12-month moving average 4 , there were 1,825 rental units registered 5 in April, trending at a 4.3% increase from March. • Using a 36-month moving average 4 , there were 1,548 rental units registered 5 in April, which is a 4.4% increase from March. • There were 27 rental buildings registered 5 in April. Most of these were buildings of over 100 units (40.7%), buildings of 51 to 100 units (25.9%) and buildings of 5 to 50 units (25.9%). The largest building of 318 units was proposed to be built in Saanich. • In April, Vancouver (523), Burnaby (355) and Saanich (318) had the largest number of rental units registered 5 in B.C.
Figure 11: Purpose-built Rental Units 5 , April 2025
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Figure 12: Purpose-built Rental Buildings 5 by Building Size 11 , April 2025
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Figure 13: Purpose-built Rental Units 5 by 12-Month and 36-Month Moving Averages 4 , April 2025
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Enrollments by Month
12-Month Moving Average
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